Global Ceramic Tiles Market to Reach US$ 113.3 Billion by 2028, Impelled by Increasing Construction Activities

February 13, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled "Ceramic Tiles Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028," the global ceramic tiles market size reached US$ 80.0 Billion in 2022. A ceramic tile is made from clay that has been permanently hardened by heat. It has several options, from a natural stone look to solid colors in various sizes. There are three types of ceramic tiles available in the market, namely glazed, wall, and floor. It is waterproof, which makes it an ideal fit for bathroom or shower stalls, including open-concept washrooms with a marble look. As ceramic tile is non-absorbent and easy to clean, it is also widely used in kitchens, most commonly used as eye-catching backsplash arrangements. It is tough enough for outdoor use with widespread applications in patios, decks, lanais, and other enclosures or courtyards. It is coated with a special glaze that protects and seals it. This keeps the ceramic tiles from absorbing stains while enhancing the durability of each piece.

Global Ceramic Tiles Market Trends:

The global market is majorly driven by the increasing construction of office spaces, shopping malls, lodging spaces, and other utility spaces worldwide. In line with this, the rising demand for single-family house constructions is significantly contributing to the market growth. Furthermore, the growing usage of eco-friendly construction materials is positively influencing the market. Ceramic tiles are durable and eco-friendly in nature, thus complying with green building standards, due to which they are gaining prominence in flooring and walling applications. Apart from this, the emerging trend of digital inkjet printing technology for decorating tiles is creating a positive outlook for the market. Moreover, various leading players are collaborating with numerous service companies, including graphic studios, to develop new graphics for producing more aesthetically appealing tiles. This, in turn, is expected to catalyze the market expansion. Besides, the increasing influence of designers and architects for applying porcelain tiles and flooring in commercial spaces is expected to propel the market. Some of the other factors driving the market include continual improvements in production technology, rapid industrialization, and the escalating product demand in healthcare organizations due to its antibacterial properties. On account of the factors above, the market is anticipated to reach a value of US$ 113.3 Billion by 2028, exhibiting a CAGR of 5.84% during 2023-2028.

Market Summary:

On the basis of the type, the market has been categorized into floor tiles, wall tiles, and others. Currently, floor tiles account for the majority of the total market share.
Based on the application, the market has been classified into residential, commercial, and replacement. Among these, the commercial sector exhibits a clear dominance in the market.
On the basis of the region, the market has been divided into China, Brazil, India, Vietnam, Indonesia, and others. Presently, China holds the leading position in the market.
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market. Some of the key players include Mohawk Industries Inc., Siam Cement Group Public Company Limited, Grupo Lamosa, RAK Ceramics P.J.S.C, and Ceramica Carmelo For Ltda.

Report Scope:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	Million Sq. Metres, US$ Billion
Segment Coverage	Type, Application, Country
Countries Covered	China, Brazil, India, Vietnam, Indonesia, Others
Companies Covered	Mohawk Industries Inc., Siam Cement Group Public Company Limited, Grupo Lamosa, RAK Ceramics P.J.S.C and Ceramica Carmelo For Ltda
Customization Scope	10% Free Customization
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Global Ceramic Tiles Market to Reach US$ 113.3 Billion by 2028, Impelled by Increasing Construction Activities

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